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Markham's Luxury Market — What's Selling Above $2 Million Right Now
While much of the market conversation focuses on entry-level and mid-range homes, Markham's luxury segment tells its own story — and right now, it's a surprisingly strong one.
What's selling above $2 million in Markham right now? Markham's luxury market — homes above $2 million — centres on its prestige neighbourhoods: Bayview Glen (estates averaging in the $4-5M range), Cachet, Devil's Elbow, and Angus Glen (large executive and estate homes, many in the $1.3M-$2.5M+ range). Notably, the luxury segment has been performing strongly in 2026 — with competitive conditions and homes selling at or above asking in top areas — even as the broader market stays balanced.
While much of the market conversation focuses on entry-level and mid-range homes, Markham's luxury segment tells its own story — and right now, it's a surprisingly strong one. Michael John Lau, a top real estate agent in Markham and a CPA/CMA, looks at what's selling above $2 million and how the high end is performing.
The headline: Markham's luxury market has been outperforming expectations in 2026. In prestige areas like Angus Glen, the luxury tier has shown competitive conditions — strong sale-to-list ratios (reportedly above 100% in some data) and days-on-market well below what you'd expect at that price level — signalling genuine demand at the high end even as the broader Markham market stays balanced. Figures from 2026 market data; the luxury segment is smaller and more variable, so confirm current specifics.
Where the $2M+ Homes Are
Markham's luxury market is concentrated in a handful of prestige neighbourhoods, each with its own character:
Bayview Glen — the top of the market
Markham's most exclusive enclave, at the Toronto border. Bayview Glen is known for luxurious estate homes, with average prices reported in the $4-5 million range — the pinnacle of Markham luxury. Established, prestigious, and private.
Devil's Elbow — golf-course estates
An ultra-prestigious pocket associated with Angus Glen, Devil's Elbow features estate homes (with reported averages in the $4 million range) backing onto or near the championship golf course — exclusivity and luxury at the highest level.
Cachet — custom estate character
Known for large, custom brick-and-stone estate homes on generous lots (with sub-areas like Cachet Woods and the Manors of Cachet), Cachet offers estate living with reported averages in the $2.5-3 million range, and access to top-ranked schools.
Angus Glen — the luxury heartland
Markham's premier luxury community, built around the Angus Glen Golf Club (host of the Canadian Open). Angus Glen features executive and estate detached homes largely in the $1.3M-$2.5M+ range — the core of Markham's active luxury market, attracting executives, move-up buyers, and equity-rich families.
Unionville and others
Prestigious Unionville (with custom homes and estates alongside its historic charm) and other pockets across Markham also contribute luxury inventory, including custom mansions and estate properties.
What's Actually Selling — and Why the High End Is Strong
Several dynamics explain the luxury segment's current strength:
Estate and executive detached homes
The $2M+ market is overwhelmingly detached — large executive and estate homes on generous lots, often custom-built with premium finishes (think gourmet kitchens with high-end appliances, multiple-car garages, extensive square footage, and luxury features). These are the trophy family homes of Markham.
Genuine, resilient demand
The luxury segment has shown resilience — strong sale-to-list ratios and quick sales in top areas indicate real demand from affluent buyers. Luxury buyers are often less rate-sensitive (frequently buying with substantial equity or cash), which helps the high end stay active even when broader conditions are cautious.
Equity-rich and executive buyers
Markham's luxury market draws executives, successful professionals, business owners, and equity-rich families moving up from other Markham and GTA homes — a buyer pool with the financial capacity to transact at the high end regardless of the broader market's mood.
Prestige, schools, and lifestyle
Luxury demand in Markham is anchored by enduring draws: top-ranked schools (Markham's luxury enclaves feed some of Ontario's best schools), golf and country-club lifestyle, prestige addresses, safety, and the space and privacy of estate living. These fundamentals sustain high-end demand.
What This Means for Luxury Buyers and Sellers
For luxury sellers
The strength of the high-end segment is encouraging — but luxury sales still require expert pricing, exceptional marketing, and reaching the right affluent buyers. Luxury homes are unique, and pricing and marketing them well is a specialized skill. Even in a strong luxury market, presentation and strategy matter enormously.
For luxury buyers
Competitive conditions in top areas mean serious buyers need to be prepared and decisive, with financing (or proof of funds) ready. Understanding the nuances of specific prestige pockets — and their values — is essential. In a competitive luxury segment, expert guidance and local knowledge are invaluable.
The importance of nuance
The luxury market is smaller, more variable, and more nuanced than the broader market — individual properties, pockets, and streets vary enormously, and a handful of sales can shift the averages. Real, current, granular knowledge matters more here than anywhere.
The Bottom Line
Markham's luxury market — above $2 million — is a strong and distinct segment, concentrated in prestige neighbourhoods like Bayview Glen, Cachet, Devil's Elbow, and Angus Glen, and driven by resilient demand from affluent, often rate-insensitive buyers. Whether you're buying or selling at the high end, understanding this nuanced segment — and working with someone who genuinely knows it — is essential.
Michael John Lau, one of Markham's leading REALTORS® and a CPA/CMA, brings both deep local knowledge of Markham's luxury neighbourhoods and the financial sophistication that high-end transactions deserve. If you're considering a move in Markham's luxury market, whether buying or selling, let's talk about your goals and the current high-end landscape.
Frequently Asked Questions
Navigate the Luxury Market
Michael John Lau, REALTOR® CPA, CMA, brings deep local knowledge and financial sophistication to Markham's luxury market. Buying or selling at the high end? Let's talk.
Michael John Lau is a licensed REALTOR® and CPA/CMA at Kaizen Real Estate (eXp Realty), Licence #4784577, serving Markham and York Region. Luxury market figures are based on 2026 third-party market data and neighbourhood reports; the luxury segment is smaller and more variable, and figures change — confirm current specifics before making decisions. This is general information, not investment or financial advice. Not intended to solicit clients currently under contract with another brokerage.
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